What Role Does an Executor Play in Maryland Probate Proceedings?
In Maryland, as in many other states, probate refers to the legal proceedings that are initiated to administer a deceased individual’s estate. You could have been named as executor or personal representative of the estate through the decedent’s last will...
What Happens If There Is a Conflict Over My Trust?
When you plan to create a trust in Maryland, your main concerns are that the trust serves a bigger estate planning purpose and that it protects your loved ones from unnecessary conflict or issues. The creation of a trust means that you have taken an important step in...
The Importance of Trusting Your Fiduciary
When you create a trust, you’re not just thinking about the property you’ll place inside of it, but who will be responsible for managing it. This person is known as the trustee and they hold an important fiduciary duty to act on behalf of the beneficiary’s best...
Should You Give Gifts to Grandchildren in A Trust?
It’s a nice thing to do to pass on assets to your grandchildren and it can be used to help reduce the size of your estate. In 2020, you can give each of your grandchildren up to $15000 under the gift tax without having to report those gifts. While you might choose to...